If you name a beneficiary, they would inherit the money in your RRIF.
RRIF
How to make RRIF withdrawals
Registered Retirement Income Fund
is designed to provide you with an income stream from your RRSP
in your retirement.
RRIF fees
There is no set-up fee for most RRIFs, but you may pay other fees once you open a plan.
How Registered Retirement Income Funds (RRIF) work
A Registered Retirement Income Fund can give you a steady income in retirement.